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UK's Crisis-Stricken Statistics Body Faces More Funding Cuts

UK's Crisis-Stricken Statistics Body Faces More Funding Cuts

Bloomberg3 days ago
Britain's embattled statistics organization is facing more real-terms cuts to its core funding despite concerns that financial pressures were one of the main factors behind a crisis in the country's economic data.
A 27% cash increase for the UK Statistics Authority next year masks a much tighter financial settlement in reality at a time when trust in official data used to set Treasury budgets and Bank of England interest rates has never been lower.
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